News
Authentic Brands Group agrees to buy Champion
The New York-based brand management company has reached an informal agreement to buy the Champion label from HanesBrands for a little more than 1 billion US dollars
Brazil: employment data points to a slight recovery in the footwear industry
The creation of more than 5 000 jobs in the Brazilian footwear industry in the first two months of this year is a sign of recovery, but it’s no cause for euphoria, says Abicalçados
Levi’s pulls out of footwear business
The denim company has announced that it is exiting the footwear business. This is part of its strategy to focus the business as it moves towards a more direct-to-consumer business
Dr. Martens boots its sustainability efforts
The British footwear brand has announced a partnership with The Boot Repair Company to create a brand-new repair service. It has also launched a recycled leather collection and resale platform
Courovale: from leather trading to producing customised leathers with special finishes
Get to know Courovale, a Brazilian-based tannery specialised in customised leathers with special finishes such as engraved, printed, metal and lacquered and learn more about their business
Survey about the impact of the country of origin of footwear
The World Footwear asks all companies with experience purchasing products from the Portuguese footwear industry to complete a short survey on the impact of the country of origin of footwear
Short term outlook for JD Sports remains challenging
The UK-based sports retailer has reported a 3.6% year-on-year sales growth in its fiscal 2024, but expects the trading environment to remain challenging in the first half of the current year
CTC appoints new President
The French Leather, Footwear, Leather Goods and Gloves sector research centre has elected Arnaud Haefelin to the role of President. He took over from Patrice Mignon at the end of March
H&M’s operating performance improves in the first quarter
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year
Footwear brand Heydude launched in the UK market
The Crocs-owned casual footwear brand Heydude launched in the UK last month as part of its international expansion strategy to increase global brand awareness
Simac Tanning Tech unveils new logo as it prepares to celebrate its 50th anniversary
The International Exhibition of Machinery and Technologies for the Footwear, Leather Goods and Tanning Industries has unveiled a new logo to mark the start of its 50th-anniversary celebrations
Aloft invests in micronized rubber
Aloft, a Portuguese company specialising in the design, development, and production of technical footwear, is investing in innovative solutions such as micronized rubber to attract new customers
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January
Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon
Alessandro Michele named creative director of Valentino
The Italy-based Maison has appointed Alessandro Michele as Creative Director, as of the 2nd of April. The news ends months of speculation as to where Michele would re-emerge after he left Gucci
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